Bangladesh’s Summit Power International said on the 13th March that it has signed a Memorandum of Understanding with Japan’s Mitsubishi Corporation and subsidiary Diamond Gas International to develop a US$3 billion LNG-to-power project. Under the MoU, subsidiary Summit Corporation, group company Summit Holdings and…
Algerian state energy firm Sonatrach will invest US$250 million to boost output at the Tinhert gas field from five million cubic metres to 20 million cubic metres (mcm) per day by 2020. ‘This is an important project that will push our gas output up,’…
Cairn Energy is negotiating a production-sharing agreement with Staatsolie for a licence in the Demerara plateau offshore Suriname. Terms will include acquisition of 2D seismic with contingent 3D seismic activity. Cairn views this as a significant future drilling opportunity. The licence, which covers…
BP Plc and Royal Dutch Shell Plc have reacted to the results of the latest UK Superbrands rankings, which saw both companies crowned as one of the top 20 UK business and consumer Superbrands of 2018. “We are proud to be included in the…
Brazilian oil giant Petrobras has decided to sell its total stake in two deepwater assets offshore Brazil. Petrobras said it had started the opportunity disclosure stage for the sale of its total stake in the Piranema and Piranema Sul fields. Petrobras, the operator with…
Norwegian shipping firm Golar LNG said liquefied natural gas (LNG) production had started at its floating LNG production platform in Cameroon, the world’s second working example of the nascent technology. The trading arm of Russia’s Gazprom has purchased the entire 1.2 million tonne per…
Saudi Aramco has signed various memoranda of understanding (MoUs) at last week’s UK-Saudi CEO Forum in London. This was staged to promote business and cooperation between the UK and Saudi Arabia, and to coincide with an official visit to the UK by Crown Prince…
GE Renewable Energy has announced the installation of the first GE HaliadeTM 150-6MW offshore wind turbine at the 396MW Merkur Offshore Windfarm in Germany, located approximately 35 kilometres north of the island of Borkum, in the North Sea. Installation vessel SeaFox 5 sailed from…
Eni has signed in Abu Dhabi two Concession Agreements for the acquisition of a 5% stake in the Lower Zakum offshore oil field and of a 10% stake in the oil, condensate and gas offshore fields of Umm Shaif and Nasr, for a total participation…
Woodside and BHP have entered into an agreement in relation to the proposed development of the Scarborough gas field. Under the agreement: BHP waives its right of pre-emption and provides its consent to the sale by ExxonMobil to Woodside of its 50% interest in…
